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The concept of "market clearing" is adopted and defended by

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The concept of "market clearing" is adopted and defended by

Question 1.

Macroeconomic policies became more influenced by Keynes' theories starting with

▸ the period of high unemployment and high inflation in the 1970s.

▸ the Great Depression.

▸ the period of high inflation in the early 1980s.

▸ the OPEC recession.

Question 2.

The concept of "market clearing" is adopted and defended by

▸ Keynesian economists.

▸ Classical economists.

▸ fine-tuning economists.

▸ demand-side economists.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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